Microcredit Software

Microfinance Software

Manages all your microfinance business-related tasks from loan originating, micro project management, loan processing, muli bank support, multi notification, multi fraud detection in the loan, loan recovery a complete microcredit lifecycle

MFI Software

We have developed a software especially to manage your microfinance business. Our software is developed for the microfinance business known as 'v-Micro'.

This microfinance software, v-Micro is very useful for managing your microfinance business-related activities. Using this microfinance software you can create Self Help Group, individual registration into the group, and collection officer.

Microcredit Software

Using our microfinance software you can manage easily the loan application, document submission, loan disbursement, loan agreement, and collection. v-Micro is the software that has been used in Microfinance organizations.

We started to develop the microfinance software in the year 2006 till date we are upgrading the software as per market demands and trends.

SHG Loan Software

We have added new features from time to time after taking feedback from our existing clients and our marketing team. v-Micro is one of the best microfinance software in recent years.

We have added a lot of features and upgraded the technologies for the ease of your business. v-Micro is the microfinance software, this software will help you to manage your microfinance organization.

Functionalities

Microcredit Software Details

Features and functionalities of Microfinance System software and Self Help Group Management. Microfinance organization works mainly with the poor and villagers people. In a Microfinance organization, the primary users or customers are the woman, less educated lower middle class, or poor class. This organization works in villages and rural or semi-urban areas.

SHG Loan Software

Location Details
Country, Sate, City
Area, Block, Taluka
Panchayat, Village
SHG Group Creation
Member Registration
KYC Documentation
Bank and Mobile Verification
Security Money Deposit
Security Money Withdrawal
Project Submission
Documentation and Approval
Loan Application

Microcredit System

Loan Documentation
Interest and EMI Calculation
Loan Approval
Loan Agreement
Loan Disbursement
Laon Recovery
Daily Loan Collection
Weekly Loan Collection
Loan Collection Fortnight
Monthly Loan Collection
Group, Individual wise Collection
Area wise Due & collection list
Loan Cancelation

MFI Software

SHG Cancelation
Member Transfer
Loan Statement
Loan Passbook
Loan Defaulter
Loan Register
Collection Officer Register
Group Head details
Loan Completion - NOC
Bad Loan
Branch Expanse
Accounts & Finance
Inventory Management

v-Micro Price

v-Micro Microfinance Software Price and Subscription Fees

v-Micro - One of the best Microfinance Software for Microfinance related organizational activites

Subscription Fees: ^$99 / month / end user

One Time setup & Configuration fees $1000 for end user package
For v-Micro – Microfinance Software Source Code copyright, white-level software: $5000 once in a life time for v-Micro – Microfinance Software
This source code fees $5000 is Not applicable for end user, it is only applicable for the user who are intersted for source code

Buy Microfinance Subscription ^$99 /Month/User Buy Microfinance Software Source Code $5000 onetime

Advantages and Benefits

Benefits of Cloud based Microfinance system

we have developed the software 'v-Micro' in such a way that it will be easy to maintain these types of users. Most of the software screens are interlinked and click-based and required less amount of user interaction.

Easy to use

Easy to use for less educated and poor or small entrepreneurs

Interlinked

Interlinked and click-based and required less amount of user interaction

Web-based

Web-based, cloud-based no setup or installation process required

Less Expensive

Does not require heavy investment in computers or laptops, any pc with minimum configuration will work

Easy for Data

Asp.net (windows server) based easy to enter the data and manage the user

Latest Reports

You will get reports in report format, excel, pdf, word, csv

Paperless

Paperless process, entire documents can be stored in the software with Documents Management Module

SMS, Email

Time to time SMS, and email notifications

Approval Process

Acceptance and Approval Process on loan processing

Loan Management

Seamless and easy to process loan management / micro-credit management process

Daily collection

Daily collection sheet intimation

Default

Loan or installment default or intimation

Branch

Branch or collection center account integration

Ledger

Ledger and voucher all the self-help group, and group members.

Automated

Entire Loan Processing and Loan Repayment Process in Automated

STEPS

Microfinance Software Steps

Steps followed in Microfinance Company business management. We have followed the same process in our Microfinance software 'v-Micro' from Group Creation to Loan Processing to the loan recovery process, The entire microfinance life cycle is described step by step

STEP 1: The Configuration

Our Microfinance software 'v-Micro' starts with the company and location configuration, then interest rate configuration, late and penalty configuration.

STEP 2: Microfinance Project

Then the Microfinance Project management system will allow you to enter a project for approval. The project is related to small businesses like Framing, Livestock farming, and small hand-crafted work. Sometimes the members required loans for stitching, sewing, and embroidery related or for a small business like Pickel Making, agarbatti called joss stick making etc. Any kind of small business which is done from home and mostly the women are involved in this business.

STEP 3: Self Help Group Creation

After project entry and project approval by the project manager then the SHG full form is Self Help Group is created for a particular approved project.

STEP 4: Members Registration

After creating the SHG Group then Individual Members are registered into the group along with all the KYC Documents Captured and Mobile and Aaadhar is verified

STEP 5: CO & Group Head

In each group, there is a minimum of 10 members and a maximum of 25-30 members, among them One Group Head and One Collection Officer are nominated by the group members.

STEP 6: Loan Application

The Loan Application is submitted in the Loan Management System of MFI Software along with the related documents submitted. Some Microfinance institutions ask for the Security Deposite, so the Security Deposite statement or passbook is submitted along with the loan application

STEP 7: Loan Approval

The Loan is approved and the loan amount is disbursed among the group members with a very nominal interest rate and with affordable Easy daily, weekly or monthly installments, It is called EMI.

STEP 8: Loan Collection

Loan Collection officers collect the installment amount from the group members in daily, weekly or monthly mode. Then these loan collection officers de[posit the payment with the microfinance institutions and they get the loan receipt against this.

STEP 9: Loan Defaulters

Non-payment of Installment within the due date attracts the fine, penalty, and late fees. In the extreme case, the members are declared as Loan Defaulters. Other members' credential in that group is hampered for the Loan Defaulters.

STEP 10: Project Progress

The progress and performance of the approved project for which the loan is disbursed are checked regularly

STEP 11: Project and Loan Completion

After successfully Completion of the project and completing the Loan Recovery process, This particular loan account is dissolved and again a new loan application is submitted for a new project or this particular group is dissolved this cycle continues through microfinance lifecycle.

Screenshot

SHG Loan Software Company Screenshot

There are more than 55+ screens in Microfinance System Software which include an entry screen, transaction screen, and report screen. For a sample demo only some of the features in Microcredit Softwar system screenshot provided. Entire features of the Microfinance Software you will get in the video demonstration link and in the live demo link of the ERP system